Saturday, December 29, 2007

Gov. Arnold Schwarzenegger discusses why green is the smart color for business and politics.

TIME'S Kristin Kloberdanz with Gov. Arnold Schwarzenegger ...http://www.time.com/time/nation/article/0,8599,1698594,00.htmlYou've seen growth, as opposed to a shifting of resources?"We've seen shifting and also growth, especially green technology growth. I was in China recently. I talked to Youngman manufacturing, one of the largest manufacturers in China. They're going to build a plant here. They're going to build cars here that are all electric. ZAP cars. It's unbelievable. It's all electric. You come home at night and plug it in.... This state is booming when it comes to research and development of green technology."

-Arnold Schwarzenegger

Additionally RenewableEnergyStocks.com features the Driving Green Podcast, providing insight into the highways of the future. Recent audio interviews/Podcasts include:Investorideas.com renewable energy and environmental interview with Mary Nichols, Chairman of the California Air Resources Board, recognized as one of Governor Schwarzenegger's most senior advisors on climate change.”http://investorideas.com/Podcasts/audio/120407.mp3

About Featured Showcase Company, Electric car pioneer ZAP (OTCBB: ZAAP):ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP has a joint venture to manufacture electric and hybrid vehicles with Youngman Automotive Group, one of China's leading manufacturers of buses and trucks. ZAP is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops.www.InvestorIdeas.com/About/Disclaimer.aspabout Our Green Investor Portals:www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com.

Thursday, December 27, 2007

By end of 2008, Abu Dhabi Emirate to Have 8 Stations where public can convert their cars to CNG

Environment Agencey Abu Dhabi Emirate, Date:26/12/2007- The Technical Committee Responsible for Implementing Compressed Natural Gas as a Cleaner Alternative held its 14th meeting at the Emirates Standardization and Meteorological Authority Headquarters on December 25, 2007. Compressed Natural Gas, otherwise known as CNG is a safe, environmentally-friendly alternative to petrol.

This Technical Committee is chaired by Environment Agency-Abu Dhabi (EAD) and consists of members from ADNOC Distribution, Emirates Standardization and Meteorological Authority, Abu Dhabi Police General Headquarters, Public Transportation Department, Federal Environment Agency and Mubadala.

During the meeting, Committee members discussed the progress achieved so far in terms of reaching Abu Dhabi Emirate’s goal of having 20% of the Abu Dhabi Government cars converted to run on CNG by January, 2012.

The Committee discussed the steps that each member organization would take in the next two years (2008-2012) in order to implement this strategy. As part of this effort, ADNOC Distribution will be implementing public awareness campaigns highlighting to the community the benefits of switching their cars to run on CNG.

During the meeting, ADNOC Distribution announced it will finish setting up 11 stations in the Emirate of Abu Dhabi to provide CNG to cars as well as 8 workshops in the Emirate where cars could be converted to run on CNG by end of 2008. In Sharjah, 5 such stations will be set up.

ADNOC Distribution also announced that, in coordination with Dubai’s Roads and Transport Authority (RTA) Marine Agency and Emirates Gas have supplied the Abra project currently being implemented in Dubai with CNG from Abu Dhabi’s Al Maha Station (located in Al Mina Area). Al Maha Station was the 1st station in Abu Dhabi to supply CNG.

EAD will be studying the possibility of reducing registration or renewal fees for permitted facilities with CNG cars to be implemented in early 2009. This would aim to be an economic incentive for more car owners to switch to CNG. Moreover, EAD announced it would be meeting with Abu Dhabi Police General Headquarters to discuss the possibility of implementing the ‘Environmental Radar’ in the Emirate of Abu Dhabi.

During the meeting, the Public Transportation Department announced that it will meet with EAD and ADNOC Distribution to discuss the possibility of purchasing buses that would run on CNG. The General Transportation Administration will also meet with the waste collection companies commissioned by the General Authority for Health Services to look into the possibility of switching some of its vehicles to CNG. Mubadala, in coordination with the Taxi Transport Regulation Center, will set a mechanism to switch a percentage of its feel to run on CNG.

Meanwhile, the Federal Environment Authority (FEA) announced that it has contacted all relevant parties on the federal level to entice them to follow the lead of Abu Dhabi’s in this field. While some emirates expressed their encouragement of the idea, other emirates expressed hesitation due to lack of necessary infrastructure to carry out the project.

More About Compressed Natural Gas (CNG)• CNG has been used for many years to run vehicles in New Zealand, Italy, Argentina and the USA.• Converting your vehicle to run on CNG will involve the fitting of cylinder(s), normally in the boot of the car to store CNG, and associated equipment to allow the gas to flow into the engine.• When converting to CNG, you retain the existing petrol carburetor and fuel tank so that vehicle will still run on petrol. Normally just by turning a switch on the dashboard you can switch between fuel sources. Therefore, nothing will stop the vehicle traveling on petrol outside the area where CNG is not available. However, fuel savings will naturally be greater if the vehicle is run on CNG.• The annual saving in fuel cost through running on CNG will depend on the size and fuel consumption of your vehicle, and on the annual mileage you incur on CNG.• The life of an engine increases by using CNG. Lubricating oil life is extended considerably because CNG does not contaminate and dilute the crankcase oil. • CNG provides easy starting, reliable idling and smooth acceleration.

Wednesday, December 26, 2007

China.org.cn December 26, 2007-The State Council Information Office published on Wednesday a white paper entitled China's Energy Conditions and Policies. The document, composed of eight chapters, points out that China, as an irreplaceable component of the world energy market, plays an increasingly important role in maintaining global energy security.

China's Energy Conditions and Policies

Preface"Energy is an essential material basis for human survival and development. Over the entire history of mankind, each and every significant step in the progress of human civilization has been accompanied by energy innovations and substitutions. The development and utilization of energy has enormously boosted the development of the world economy and human society.

Over more than 100 years in the past, developed countries have completed their industrialization, consuming an enormous quantity of natural resources, especially energy resources, in the process. Today, some developing countries are ushering in their own era of industrialization, and an increase of energy consumption is inevitable for their economic and social development.

China is the largest developing country in the world, and developing its economy and eliminating poverty will, for a long time to come, remain the main tasks for the Chinese government and the Chinese people. Since the late 1970s, China, as the fastest growing developing country, has scored brilliant achievements in its economy and society that have attracted worldwide attention, successfully blazed the trail of socialism with Chinese characteristics, and made significant contributions to world development and prosperity.

China is now the world's second-largest energy producer and consumer. The sustained growth of energy supply has provided an important support for the country's economic growth and social progress, while the rapid expansion of energy consumption has created a vast scope for the global energy market. As an irreplaceable component of the world energy market, China plays an increasingly important role in maintaining global energy security.

Guided by the Scientific Outlook on Development, the Chinese government is accelerating its development of a modern energy industry, taking resource conservation and environmental protection as two basic state policies, giving prominence to building a resource-conserving and environment-friendly society in the course of its industrialization and modernization, striving to enhance its capability for sustainable development and making China an innovative country, so as to make greater contributions to the world's economy and prosperity.

I. Current Situation of Energy Development

Energy resources are the basis of energy development. Since New China was founded in 1949, it has made constant endeavors in energy resources prospecting, and conducted several resources assessments. China's energy resources have the following characteristics:

-- Energy resources abound. China boasts fairly rich fossil energy resources, dominated by coal. By 2006, the reserves of coal stood at 1,034.5 billion tons, and the remaining verified reserves exploitable accounted for 13 percent of the world total, ranking China third in the world. The verified reserves of oil and natural gas are relatively small, while oil shale, coal-bed gas and other unconventional fossil energy resources have huge potential for exploitation. China also boasts fairly abundant renewable energy resources. In 2006, the theoretical reserves of hydropower resources were equal to 6,190 billion kwh, and the economically exploitable annual power output was 1,760 billion kwh, equivalent to 12 percent of global hydropower resources, ranking the country first in the world.

-- China's per-capita average of energy resources is very low. China has a large population, resulting in a low per-capita average of energy resources in the world. The per-capita average of both coal and hydropower resources is 50 percent of the world's average, while the per-capita average of both oil and natural gas resources is only about one-fifteenth of the world's average. The per-capita average of arable land is less than 30 percent of the world's average, which has hindered the development of biomass energy.

-- The distribution of energy resources is imbalanced. China's energy resources are scattered widely across the country, but the distribution is uneven. Coal is found mainly in the north and the northwest, hydropower in the southwest, and oil and natural gas in the eastern, central and western regions and along the coast. But, the consumers of energy resources are mainly in the southeast coastal areas, where the economy is the most developed. Such a great difference of location between the producers and the consumers has led to the following basic framework of China's energy flow: large-scale transportation over long distances of coal and oil from the north to the south, and transmission of natural gas and electricity from the west to the east."

Full report - http://www.china.org.cn/english/environment/236955.htm#9I. Current Situation of Energy DevelopmentII. Strategy and Goals of Energy DevelopmentIII. All-round Promotion of Energy ConservationIV. Improving the Energy Supply CapacityV. Accelerating the Progress of Energy TechnologiesVI. Coordinating Energy and Environment DevelopmentVII. Deepening Energy System ReformVIII. Strengthening International Cooperation in the Field of EnergyConclusion

"In the course of building a moderately prosperous society in all respects that benefits 1.3 billion people of China, energy has a significant bearing on China's economic and social development. It is a long and arduous task to use sustainable energy development to support the sustainable economic and social advancement. The Chinese government will strive to address the energy problem properly to realize sustainable energy development.

Though China's energy consumption is growing rapidly, its per-capita energy consumption level is still fairly low -- only about three-fourths of the world's average. The figures for China's per-capita oil consumption and imports account for only one half and one quarter of the world's average, respectively, far below the level of the developed countries. China did not, does not and will not pose any threat to the world's energy security. China will continue to maintain its sustainable energy development and make it promote the sustainable development of the world's energy resources, thus making positive contributions to the world's energy security."

Governor Schwarzenegger today issued the following statement after the U.S. Environmental Protection Agency (USEPA), after nearly two years of delay, rejected California’s request to regulate tailpipe emissions from passenger cars and light trucks. Over the past year, the Governor has lobbied the federal government, meeting and sending letters to both President Bush and USEPA Administrator Johnson. Last month, the Governor announced California’s lawsuit against the agency for failing to act. Today, he vowed to appeal the decision and pursue every legal opportunity to obtain the waiver.

“While the federal energy bill is a good step toward reducing dependence on foreign oil, the President’s approval of it does not constitute grounds for denying our waiver. The energy bill does not reflect a vision, beyond 2020, to address climate change, while California’s vehicle greenhouse gas standards are part of a carefully designed, comprehensive program to fight climate change through 2050,” said Governor Schwarzenegger.

“California has a long and proud history of leadership in reducing pollution and fighting for clean air. Our citizens place a high priority on good health and a clean environment, and we are ready to implement the nation’s cleanest standards for vehicle emissions. It has been nearly two years since we requested the waiver and, now, sixteen other states are following our lead to reduce our dependence on foreign oil, increase fuel efficiency and help reduce harmful greenhouse gases. A ruling from the U.S. Supreme Court earlier this year made it clear that the USEPA has the authority to limit greenhouse gas emissions from motor vehicles.

“It is disappointing that the federal government is standing in our way and ignoring the will of tens of millions of people across the nation. We will continue to fight this battle. California sued to compel the agency to act on our waiver, and now we will sue to overturn today’s decision and allow Californians to protect our environment.”

Under the Federal Clean Air Act, California has the right to set its own tougher-than-federal vehicle emission standards, as long as it obtains a waiver from USEPA. Over the past 30 years the USEPA has granted California more than 40 such waivers, denying none.

The original request for a waiver of federal preemption of California's Motor Vehicle Greenhouse Gas Emissions Standards was made by the California Air Resources Board (ARB) on December 21, 2005. The waiver, allowing California to enact and enforce emissions standards to reduce greenhouse gas emissions from automobiles, was requested after the Air Resources Board developed regulations based on a 2002 California law, AB 1493 by Assemblymember Fran Pavley.

That law required California to establish new standards for motor vehicle greenhouse gas emissions beginning in model year 2009. The ARB-adopted regulations will phase in and ramp up over eight years to cut global warming emissions from new vehicles by nearly 30 percent by model year 2016.by implementing these standards, California would be eliminating greenhouse gases equivalent to taking 6.5 million cars off the road by the year 2020. If all the other states with similar plans follow through, that figure would grow to nearly 22 million vehicles and would cut gasoline consumption by an estimated 11 billion gallons a year.In letters sent on April 10, 2006 and October 24, 2006 to President Bush, the Governor reiterated the urgency of approving California’s request to address global warming. On April 25, 2007, 16 months after the original waiver request, Governor Schwarzenegger sent a letter to Administrator Johnson informing him of California’s intent to sue after 180 days under the Clean Air Act and Administrative Procedure Act, which provides mechanisms for compelling delayed agency action.California’s request has been supported by recent judicial decisions. In September, a court decision in Vermont confirmed that states do have the ability to adopt California’s motor vehicle greenhouse gas emissions standards. Sixteen states, comprising about 45 percent of all U.S. auto sales have adopted, or are in the process of adopting, California’s standards.In the Vermont case, the judge dismissed the argument by automobile manufacturers that they could not comply with the California-based regulation because the technology was out of reach and that it would cost too much. The Vermont decision came on the heels of a U.S. Supreme Court ruling last April saying the U.S. EPA has the authority to regulate greenhouse gases.States that have adopted, or are in the process of adopting, California’s strict automobile emissions standards are: Arizona, Colorado, Connecticut, Florida, Maine, Maryland, Massachusetts, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Rhode Island, Utah, Vermont and Washington.

POINT ROBERTS, WA and DELTA, BC – December 21, 2007, www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close- up on alternative fuel and fuel efficient technology stocks following the passage of the Energy Bill. Ethanol stocks received a much needed boost, on the mandate of higher fuel economy standards, reduction of dependence on foreign oil and annual production of renewable fuels to increase to 36 Billion gallons by 2022.

According to Calyon Securities analyst, Kelly Dougherty, “The ethanol stocks should respond favorably to the recent passage of the Energy Bill as the sector should benefit from the increased domestic RFS which mandates use of 36 billion gallons annually by 2022. This should alleviate oversupply fears as more demand will be mandated with a funded path toward further infrastructure build-out and commercialization of cellulosic ethanol, which should support higher future ethanol prices.”

Additionally Calyon Securities commented,” The increased RFS should result in continued infrastructure build-out, opening of new markets, and increased discretionary blending along the path to commercialization of cellulosic which should support higher ethanol prices. We believe VSE/USBE will be well-positioned given its larger scale and potential for lower costs as well as its innovative stance on new technologies (corn oil extraction and investments in cellulosic ethanol).”

VeraSun Energy Corporation (VSE) issued the following statement December 19th, “We applaud the work of our leaders in Washington, D.C., for their vision in putting our country on a path toward greater energy diversity and sustainability. The expanded Renewable Fuels Standard will significantly reduce our country’s dependence on foreign oil and extend our nation’s fuel stream.”

Another milestone in the Energy Bill is the requirement for a significant increase in average fuel economy to a 35 mpg fuel economy standard by 2020.

For investors following alternative fuel and fuel efficient technologies, RenewableEnergyStocks.com features a directory of renewable energy stocks including biofuel, and Electric Vehicle (EV), battery technology and related stocks.

Additionally RenewableEnergyStocks.com features the Driving Green Podcast, providing insight into the highways of the future. Recent audio interviews/Podcasts include:“Driving Green, Interview with Christina Page, Yahoo!’s Director of Climate and Energy Strategy”http://investorideas.com/Podcasts/audio/102607.mp3and“Investorideas.com renewable energy and environmental interview with Mary Nichols, Chairman of the California Air Resources Board, recognized as one of Governor Schwarzenegger's most senior advisors on climate change.”http://investorideas.com/Podcasts/audio/120407.mp3

About Featured Showcase Company, Electric car pioneer ZAP (OTCBB: ZAAP):ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP has a joint venture to manufacture electric and hybrid vehicles with Youngman Automotive Group, one of China's leading manufacturers of buses and trucks. ZAP is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. (Advertisement)

Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. ZAP currently pays the equivalent of two thousand five hundred in 144 shares and has provided promotional EV’s for the Greentech Investor Contest. www.InvestorIdeas.com/About/Disclaimer.asp

POINT ROBERTS, WA and DELTA, BC - December 17, 2007, www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close- up on solar stocks. Momentum created from oil prices closing in on $100 a barrel, global revenue growth within the sector and analyst upgrades have resulted in strong percentage gains in solar stocks.

Solar-power companies Evergreen Solar and China Sunergy reported new contracts and were up over 9% and 14% respectively on Friday’s close. JA Solar Holdings was up $6.83 giving traders a 10.84% gain for the day.

For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.

According to Mr. Lynch, "Certainly to say that solar stocks were hot in 2007 is an understatement. Solar stocks probably, on average, outperformed the averages by 50 fold so far in 2007. This has been a GREAT year for solar stocks and it is just the beginning. The solar industry is currently at the very early stages of its growth curve and the future will be even brighter.”

Tom M. Djokovich, CEO of XsunX (OTCBB: XSNX) explains, “With the worldwide rise in energy prices, PV prices are now closer to conventional energy prices than ever before. Currently, there's abundant demand for solar modules at prices between $3.00 to $4.00/watt and thin film PV offers even lower price points. PV could be a significant player in the energy market at only $2 per watt but the industry will need to scale significantly to me the demand for lower priced PV. That's why we're working to position XsunX as a large scale manufacturer of thin film PV.”

Evergreen Solar Inc (Market, News) shares moved December 13th after UBS Investment Research initiated a "Buy," and had an after hours spike that continued into Friday’s market on news that it that it has signed a ten-year polysilicon supply agreement with Silicium de Provence S.A.S. “Silpro”. Calyon Securities analyst Kelly Dougherty also upgraded Evergreen to “Buy”from Add. She noted in regards to the new Energy Bill, “The watered down bill should not have a significant impact on US demand, since domestic solar demand is really driven at the state level."

China Sunergy Co., Ltd. (Market, News), a solar cell manufacturer in Nanjing, China, announced news it had entered into a supply agreement with asola Advanced and Automotive Solar System GmbH , a German module manufacturing company. China Sunergy said it will supply 10.2MW of solar cells to asola during 2008.

First Solar, Inc. (Market, News), with a 52 week range of $26.54 to $256.45, closed up $3.34 on Friday and was rated a BUY on Dec13th by UBS.For investors wanting to know if the solar stock run is over, the number of analyst upgrades across the sector would indicate –“no”!

About Featured Showcase Solar Company XsunX: (Advertisement) Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. http://www.xsunx.com/ More info on XsunX, Inc. (OTCBB: XSNX) can be found on our media profile at:http://www.investorideas.com/co/xsnx/default.asp

About Our Green Investor Portals:www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks within the renewable energy, clean tech and fuel cell sectors.

Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. * XsunX has entered into an online featured showcase company agreement as of December 2007 and compensates the website $5000 per month.www.InvestorIdeas.com/About/Disclaimer.asp

Thursday, December 13, 2007

we have recently made additions as the global interest grows and new public companies enter the sector-Renewable Energy Stock ListRenewableEnergyStocks.com® has compiled a comprehensive directory of Global Renewable Energy Stocks in US, Canada and foreign markets.

Mary discusses her appointmentant, mandate and goals , returning to the Air Board 30 years after serving as the Chairman under Governor Jerry Brown, following an impressive career as a longtime environmentalist.

Tuesday, December 04, 2007

Good Energies Enters into Agreement to Increase Ownership Stake in Solarfun to 34.7%

SHANGHAI, China--December 4 , 2007 --Solarfun Power Holdings Co., Ltd. (NASDAQ: SOLF ) a vertically-integrated manufacturer of silicon ingots and photovoltaic (PV) cells and modules based in China, today announced that Good Energies has entered into an agreement to purchase 66,745,638 ordinary shares and 281,011 American Depository Shares (ADS) from current shareholders, including 50% of the shares held by the Company’s Chairman and Chief Executive Officer, Mr. Yonghua Lu, who will retain a 16.1% stake in the Company immediately after the completion of the transaction. The investment expands the relationship between Solarfun and Good Energies that began when Good Energies first invested in the Company in 2006. Upon completion, the investment will raise Good Energies’ stake to approximately 34.7% from 6.3%. Solarfun expects Good Energies’ increased ownership to enhance the Company’s industry position by leveraging Good Energies’ expertise, resources and track record of successful investments in the solar industry. The completion of the transaction is subject to regulatory and customary closing conditions and is expected to be completed by the first quarter of 2008.

In connection with the investment, the Company’s Board of Directors will appoint an additional representative of Good Energies as well as a new independent Director to the Board. Dr. Sven Hansen, the Chief Investment Officer of Good Energies, will continue to serve on the Solarfun Board of Directors, a position he has held since August of 2006.

"This increased ownership in the Company by Good Energies, one of the world's leading renewable energy investors, enhances our relationship with the firm and advances Solarfun’s position in the marketplace,” said Mr. Yonghua Lu. “I am committed to the long-term success of the Company and pleased to have Good Energies as a strategic investor at this stage of our Company’s growth. I look forward to working closely with the firm to build upon the success we have achieved to date and to accomplish our long-term goals.”

"We view Solarfun as one of the best manufacturing platforms for PV products in Asia and we believe there are tremendous opportunities for growth,” said Richard Kauffman, Chief Executive Officer of Good Energies. “We are pleased that Mr. Yonghua Lu and the largest shareholders of Solarfun have selected Good Energies to work with management to help the Company strive to reach a new level of international growth and success. The investment reflects our confidence in the long-term prospects of Solarfun and is a testament to management’s achievement in turning the Company into one of the leading global manufacturers of photovoltaic cells and modules.”

Mr. Kauffman added: “Good Energies’ investment in Solarfun is a vote of confidence in the potential growth of the Company’s brand and manufacturing capability and it further demonstrates our commitment to being one of the world’s leading investors in the renewable energy and energy efficiency industry. We look forward to working with Solarfun’s management team to help the Company achieve its long-term vision.”

About Solarfun

Solarfun Power Holdings Co, Ltd. manufactures ingots and PV cells and modules and supplies solar system integration services in China. The Company produces both monocrystalline and multicrystalline silicon cells and modules, and manufactures 100% of its modules with in-house produced PV cells. Solarfun sells its products both through third-party distributors and directly to system integrators. The Company was founded in 2004 and its products have been certified to TUV and UL safety and quality standards. www.solarfun.com.cn

About Good Energies

Good Energies is a leading global investor in the renewable energy and energy efficiency industry focusing on investments in solar energy, wind energy, green buildings and load management. Good Energies is a member of COFRA Group, a privately owned group of companies. Good Energies is looking for meaningful investments with outstanding growth potential. Good Energies is guided by the 3-P-principle (3-Ps): people-planet-profit. Being an investment firm it seeks to help drive the transition to a low carbon, clean energy economy globally, including bringing affordable renewable energy to the developing world. Good Energies operates globally with offices in London, New York, Toronto, Washington, and Zug. The current market capitalization of its portfolio is over four billion Euros (six billion US dollars). www.goodenergies.com

Safe Harbor Statement

This news release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," “hopes”, "plans," "believes," "estimates" and similar statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, and include matters such as the Company's business outlook for 2007, including full year 2007 estimates for net revenue, PV product shipments and PV cell production capacity. Actual results may differ materially from such estimates depending on future events and other changes in business climate and market conditions. Solarfun disclaims any obligation to update or correct any forward looking statement.

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